How to calculate compound interest for an intra-year period in Excel

Compound Interest Formula compound interest formula Learn about the basics of compound interest, with examples of basic compound interest formula1688 In the second month, it is calculated on the R10 000 plus the interest you have earned In the third month on the R10 000 plus the interest you have earned in

distance formula Using the formula for simple interest, we can develop a similar formula for compound interest With an opening balance P and an interest rate of i, the